NFT marketplace halts transactions due to ‘rampant’ counterfeiting

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Cent is an American NFT market best-known for internet hosting the public sale of an NFT of former Twitter CEO Jack Dorsey’s first tweet—one of many earliest NFTs to promote for over one million {dollars}’ price of cryptocurrency. Cent has now needed to halt a lot of the transactions going down there, with its CEO Cameron Hejazi telling Reuters that customers attempting to promote counterfeit digital property had been “rampant”.

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“It stored occurring”, Hejazi mentioned. “We’d ban offending accounts nevertheless it was like we’re enjoying a sport of whack-a-mole… Each time we’d ban one, one other one would come up, or three extra would come up.”

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